
Ownership and Management
Authored by Ryan P
Business
9th - 12th Grade
CCSS covered
Used 1+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This type of business is owned by one person and the easiest to set up.
Partnership
Sole Proprietorship
Corporation
Franchise
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This type of business is owned by many people called stockholders.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Disadvantage: owner pays for everything
Advantage: easy to set up
Sole Proprietorship
Partnership
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Disadvantage: share profits
Advantage: share skills and share risks.
Sole Proprietorship
Partnership
Corporation
Franchise
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Disadvantage: double taxation
Advantage: selling stock to raise money
Sole Proprietorship
Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
Sole Proprietorship
Company
Partnerships
Limited Liability
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is liability?
Owners of a business are personally responsible for business debts
The government is responsible for business debts
The community are responsible for business debts
The government and the owners of the business both are responsible for business debts
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